BANKING & FINANCE
Banking & Finance

Saudi Arabia issues new twenty-riyal banknote to mark G20 presidency

Sunday, 25 October 2020

Saudi Arabia has issued a new twenty-riyal banknote to mark the Kingdom’s presidency of the G20 ......

UAE to impose new rules on mandatory reserves for financial institutions

Friday, 23 October 2020

The United Arab Emirates Central Bank said on Thursday that from October 28, it will introduce new ......

US Fed in no hurry to develop digital dollar, says Chairman Powell

Monday, 19 October 2020

The US central bank is researching a possible cyber-dollar, but will move slowly to ensure it first ......

First Abu Dhabi Bank denies merger talks with Abu Dhabi Islamic Bank

Wednesday, 14 October 2020

First Abu Dhabi Bank (FAB) said on Wednesday it was not in merger talks with Abu Dhabi Islamic ......

NCB and Samba to merge, creating Saudi banking heavyweight

Sunday, 11 October 2020

Saudi Arabia’s biggest lender National Commercial Bank (NCB) has entered a binding merger agreement ......

Turkey's Halkbank must face US indictment over Iran sanctions violations, judge rules

Friday, 02 October 2020

A US judge on Thursday refused to dismiss an indictment accusing state-owned Turkish lender Halkbank ......

Coronavirus: Bank of Israel chief and policymakers in quarantine

Tuesday, 22 September 2020

Bank of Israel Governor Amir Yaron, his deputy and the rest of the monetary policy committee (MPC) ......

Abu Dhabi Islamic Bank signs MoU with Israel’s Bank Leumi

Wednesday, 16 September 2020

Abu Dhabi Islamic Bank has signed a memorandum of understanding with Israel’s no. 2 lender Bank ......

IMF underscores need for accounting, audit of Lebanese central bank

Thursday, 10 September 2020

The International Monetary Fund said on Thursday its discussions with Lebanese authorities are ......

First Abu Dhabi Bank to restart talks on Bank Audi’s Egypt unit, say sources

Sunday, 06 September 2020

First Abu Dhabi Bank (FAB) plans to restart talks to buy the Egyptian business of Lebanon’s Bank ......

HSBC says net profit plunged 96 percent as coronavirus pandemic took hold

Monday, 03 August 2020

Europe’s biggest bank, HSBC, said Monday that its net profit plummeted 96 percent in the second ......

NMC Health gets operating reprieve with $250 mln loan

Monday, 03 August 2020

Hospital operator NMC Health has secured a $250 million financing facility which will allow it to ......

Abu Dhabi Commercial Bank Q2 net profit down 15 pct as impairments rise

Wednesday, 29 July 2020

Abu Dhabi Commercial Bank posted a 15 percent drop in second-quarter net profits after higher ......

Saudi Arabia completes portion of outstanding bonds valued at $9 bn, issues new sukuk

Tuesday, 28 July 2020

Saudi Arabia completed an early redemption of a portion of outstanding bonds maturing in August, ......

Alvarez & Marsal to audit Lebanon central bank: Sources

Tuesday, 21 July 2020

Lebanon’s cabinet agreed to hire turnaround specialist Alvarez & Marsal for a forensic audit of the ......

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